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S 751 111th Congress Senate Taxation Elections, voting, political campaign regulation Government trust funds Public contracts and procurement Sales and excise taxes Senate

Fair Elections Revenue Act of 2009

Introduced: March 31, 2009 Introduced by: Durbin, Richard J. Democratic · Illinois See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 31, 2009
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S4074)
Mar 31, 2009
Sponsor introductory remarks on measure. (CR S4073-4074)
Mar 31, 2009
Introduced in Senate
 Plain-English summary Congressional Research Service

Fair Elections Revenue Act of 2009 - Amends the Internal Revenue Code to impose an excise tax on payments made pursuant to a U.S. government contract to any person which is not a state or local government or a foreign nation and has contracts with the U.S. government in excess of $10 million. Sets the rate of such tax at 0.50% of amounts paid under any such contract and limits the aggregate annual amount of tax imposed each year to not more than $500,000.

Expresses the sense of the Senate that the tax revenues raised by this Act be used for the financing of a Fair Elections Fund and the public financing of Senate elections.

What's happening now March 31, 2009

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S4074)

 Committees of jurisdiction 1